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, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. the president's press secretary said this about the sequester. quote, across-the-board cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our long-term economic prospects. unquote. a growing number of analysts believe the political will to stop the sequester is lacking. it will take effect, at least temporarily, they believe, and that will pose a further the f of this year. question. the fed is saying that the fourth quarter contraction october, november, december of 2012 was due chiefly to quote unquote transitory factors. is this true? or is the recovery stalling out pat buchanan? >> i think basically it is true, john. the u.s. economy is out of the intensive care it was in, in 2007-2008 but it has been walking the hospital halls ever since. the growth has been growing at an average of about 2%, u
can talk about an inflation protected bond, a tipp, and keep it short. so you have defensive protection. prices won't go down very much. keep your investments outside the united states, perhaps brazil or mexico are even italy, with higher yields as opposed to what we see in the united states. and ultimately, defensive-oriented bonds that can protect principle in addition to providing an interest rate that is acceptable. >> susie: i wanted to pick up on putting your money outside of the country, because you talked about australia, brazil, canada, but you're not a big fan of u.s. stocks. that's kind of interesting because it is coming at a time when individual investors, at least, are just getting comfortable about putting money back in the stock market. they're looking forward to an upside in the markets. you're not seeing much upside. 5% you say in u.s. stocks for this year? we've already done that in january. >> we have done that. we've got a 12-month return. one month, according to our forecast. we're bullish on stocks to the standpoint they can go up, if they can provide a
for the asian american legal defense and education fund. and aarti kohli, research fellow at uc berkeley. aarti, we're going to begin with you because these are all proposals right now. really any overhaul to our immigration system is going to have a big repercussion here in california. can you tell us what that would be? >> of course. we're the state with the largest number of immigrants. we have 2.5 million undocumented immigrants and we've got a third of our registered voters are lawful immigrants. so any way you cut it, it's going to have a huge impact. some of the -- and there's a lot in here for everyone. employers, students who came here at a young age. they're called dreamers. agricultural workers. some of the things that people may not be aware of, in the president's proposal, lgbt families will be able to sponsor their family members. >> and that's from the president's proposal but not in the so-called gang of eight. >> it's not in the gang of eight proposal. but i think one of other issues for californians to, in terms of watching this debate and participating in it, is to understand
, these high priced legal defense firms that represent the banks. and then they go back to government again. and it's this sort of, this coterie of, you know, 100, 200 lawyers who really run this entire thing. and it's all the same people on both sides. >> lanny breuer was one of them. he was in a very prestigious washington law firm. jack lew, the new incoming secretary of the treasury, if he gets approved, served three years at citigroup. his record there, according to "the wall street journal" was not very lustrous for a man who's about to take over the treasury department. but "the wall street journal" suggests that he got his job, not because he had the experience, but because he was a crony of robert rubin. >> jack lew served in the clinton administration. i think he worked in the omb in the, you know, office of management of the budget. and he was one of the key players in helping pass the repeal of glass-steagall. and, you know, this is kind of the way it works. it's not a one to one, you know, obvious connection. but, you know, glass-steagall was repealed specifically to legalize t
to create new jobs. >> susie: an intense day on capitol hill for defense secretary nominee chuck hagel. the former republican senator from nebraska took a grilling at his confirmation hearing. lawmakers from both sides of the aisle questioned him about his controversial views on gay rights, sanctions for iran, and former president george w. bush's policies in iraq. but in spite of the turmoil, hagel is expected to get confirmed by a narrow margin. >> tom: an update on failed futures brokerage firm peregrine financial, its founder, russell wassendorf senior was sentenced to 50 years behind bars. he' received the maximum sentence after admitting to engaging in fraudulent activity and misleading regulators for almost two decades. wassendorf also was ordered to pay $215 million, the amount prosecutors say he cost clients. the 64-year-old said he is "very sorry." >> tom: a couple of media giants today highlighted the challenges of an industry under-going great changes. business at viacom slowed down at the end of last year. advertising at the company's cable t.v. networks like nickelodeon,
are considered defensive so the fact they outperformed i think they can continue to outperform in 2013. we're in a period now where essentially an all-time high and a lot of folks are calling for a bit of a pullback. >> and clearly a lot of these consumer goods companies come with dividends. thats with a theme we saw in the first half of last year but the stocks continued to do well at the end of theas year into thiserio. coca-cola someone of those you have your eye on as a dividend consumer goods, what do you like out of coke. >> i'm the resident dividend stock advisor here at the street and i really like 29.7% dividend yield at coke. the company has enough earnings to easily cover this 2.1 times over but more importantly coca-cola's growing the dividend, growing its dividend 50 consecutive years. and i think sometime in february they'll make that streak 51. again they have the solid earnings to cover it. and with the dividend moving higher i think will you see the stock move up towards 40 as well. >> speaking of solid earnings we heard late last week from colgate, palm olive, very decent
. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the government is furloughed, which might take about a week. and then, that pain may be enough to cause the people on capitol hill and the president to come to some sort of rational deal. >> reporter: the short-term budget figh
Search Results 0 to 10 of about 11 (some duplicates have been removed)